Home / Business (page 2)

Business

Kitson looks at closing down 17 retail stores

Back when Kitson was doing well, paparazzi always staked out this boutique chain so that they could snap up photos of any tabloid worthy shoppers including the likes of Paris Hilton and Lindsay Lohan. But just like many of its celebrity fans, this LA Company may just have lost its …

Read More »

Will the Federal Reserve rate increase affect you

Ever since the recession some 8 years ago, the Fed has kept the benchmark interest rate at almost zero so as to help strengthen the economy. But, as per minutes from a Fed gathering in October, the rate increase is most likely in a few days. Such economic changes usually …

Read More »

The middle class American is vanishing quickly

Americans have been living in a country which is made up of a lot of middle class families who aren’t poor nor rich but are just comfortable. This year, Pew Research Center has claimed that this has changed. An analysis that was just release of government data has shown that …

Read More »

Yahoo decides to reverse Alibaba spinoff

After a lot of speculation, analyst pleas and media reports, Yahoo has finally decided that it was in the best interest of their shareholders to suspend the work on their planned spinoff from their remaining stake in Alibaba saying that they were concerned regarding the perception of the market towards …

Read More »

Coca Cola removes racist Christmas ad from YouTube

Coca Cola has apologized while pulling their new Christmas advertisement called Open Your Heart since it was considered to be racist towards the indigenous population of Mexicans. The advertisement basically looks at a few young white people that are bringing coolers of Coke into Totontepec that is located in Oaxaca. …

Read More »

Optimism for small businesses falls in third quarter

Even though positive sentiments were at a 7 year high this January, small business owners aren’t feeling so optimistic today as compared to one year ago according to the Small Business Index by Wells Fargo/Gallup. In this quarterly survey of small businesses, which looks at the optimism of small business …

Read More »

$ 27 billion on the Fed raising rates this month

Officially, the rate setting committee for the Federal Reserve haven’t decided on whether they are going to increase the benchmark interest rates later on in the month. But according to most investors they are going to be lifting the rates from the historically low current figures. They have placed a …

Read More »

Cyber Monday traffic too much for Target site to handle

The Target website couldn’t handle the overload on Cyber Monday with shoppers coming to the site in record numbers. The site had been down intermittently from around 10 am on Monday as per Catchpoint Systems, which looks into web performance of these retail sites. All their customers received messages asking …

Read More »